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How much should she deposit each year to reach her goal

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Problem - Jill has always wanted to travel to China and plans to take a trip there in five years; she estimates that she will need $3,000 to pay for the trip and plans to make annual deposits to a savings account to reach her goal for pay for the trip. If her account earns 2% interest, how much should she deposit each year to reach her goal?

Reference no: EM132452180

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